Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 290,837	$ 189,676
Short-term investments	9,785	33,138
Accounts receivable, net of allowance of $1,541 and $2,253 at March 31, 2020 and March 31, 2019, respectively	148,950	162,396
Unbilled accounts receivable	137,839	113,431
Prepaid expenses	55,574	42,314
Restricted cash	659	351
Asset held for sale	8,334	8,978
Other current assets	29,214	29,967
Total current assets	681,192	580,251
Property and equipment, net	101,250	119,865
Operating lease right-of-use assets	48,684
Investments accounted for using equity method	1,336	1,446
Long-term investments	4	322
Deferred income taxes	30,225	28,770
Goodwill	296,493	279,543
Intangible assets, net	130,903	92,440
Other long-term assets	46,980	29,836
Total assets	1,337,067	1,132,473
Current liabilities:
Accounts payable	38,537	46,471
Accrued employee compensation and benefits	79,373	74,801
Deferred revenue	8,054	6,421
Accrued expenses and other	95,124	70,050
Current portion of long-term debt	16,043	11,407
Operating lease liabilities	11,543
Income taxes payable	3,233	4,844
Total current liabilities	251,907	213,994
Deferred income taxes	16,067	15,824
Operating lease liabilities, noncurrent	41,697
Long-term debt, less current portion	480,154	351,320
Long-term liabilities	42,475	29,824
Total liabilities	832,300	610,962
Commitments and contingencies
Series A Convertible Preferred Stock: par value $0.01 per share, 108,000 shares authorized, 108,000 shares issued and outstanding at March 31, 2020 and March 31, 2019; redemption amount and liquidation preference of $108,000 at March 31, 2020 and March 31, 2019	107,326	107,161
Redeemable noncontrolling interest		23,576
Stockholders' equity:
Undesignated preferred stock, $0.01 par value; Authorized 5,000,000 shares at March 31, 2020 and March 31, 2019
Common stock, $0.01 par value; Authorized 120,000,000 shares at March 31, 2020 and March 31, 2019; issued 33,518,389 and 33,012,775 shares at March 31, 2020 and March 31, 2019, respectively; outstanding 30,132,825 and 30,132,776 shares at March 31, 2020 and March 31, 2019, respectively	335	330
Treasury stock, 3,385,564 and 2,879,999 common shares, at cost, at March 31, 2020 and March 31, 2019, respectively	(58,332)	(39,652)
Additional paid-in capital	246,862	239,204
Retained earnings	293,831	250,279
Accumulated other comprehensive loss	(85,255)	(59,387)
Total Virtusa stockholders' equity	397,441	390,774
Noncontrolling interest in subsidiaries
Total Stockholders' equity	397,441	390,774
Total liabilities, Series A convertible preferred stock, redeemable noncontrolling interest and stockholders' equity	$ 1,337,067	$ 1,132,473